CAVCO INDUSTRIES, INC. — Director's Dealing 2017

Sep 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2017-09-19

Reporting Person: Greenblatt David A. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-19	Common Stock	M	3000	$37.90	Acquired	10175	Direct
2017-09-19	Common Stock	F	806	$141	Disposed	9369	Direct
2017-09-20	Common Stock	M	3000	$33.03	Acquired	12369	Direct
2017-09-20	Common Stock	S	3000	$136.6811	Disposed	9369	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-19	Non-Employee Director Stock Option (Right to Buy)	$37.9	M	3000	Disposed	2018-10-21	Common Stock (3000.0)	Direct
2017-09-20	Non-Employee Director Stock Option (Right to Buy)	$33.03	M	3000	Disposed	2017-10-21	Common Stock (3000.0)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. Mr. Greenblatt received 2,194 shares of common stock on a net exercise of option to purchase 3,000 shares of common stock. Mr. Greenblatt forfeited 806 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on September 18, 2017 of $141.00.

F2: The Price in Column 4 is a weighted average price.

F3: The option vested in two equal installments beginning on October 21, 2011.

F4: The option vested in two equal installments beginning on October 21, 2010.